I still believe that the US dollar is destined to fall against the Yen and Euro. I predicted a while back that the greenback would fall or the Japanese Yen would rise to the 95yen/US$. The US economy is under extreme pressure due to a variety of concerns. Whether one believes that the twin deficits are creating dark skies over the Republic or the country needs 'breathing space' in order to rebuild its economy and manufacturing base, the dollar will continue downward for the next few years. I suspect the dollar will stay stable until after the election next year but after that, it'll trade at par with the yen. (Economist.)
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